Looking at top Wall Street opinions, Adobe Inc. (NASDAQ: ADBE) has recently made its way into the research list of Stephens – signaling that their analyst’s rating adjustment is noteworthy. This stock was Equal-Weight in the eyes of Stephens, as reported on Thursday, January 17th, 2019. Another heavy-hitting research note was published by Atlantic Equities on Wednesday January 9th, 2019, with this firm Initiated ADBE to an updated rating of Neutral. In the past six months and three months of trading, shares of Adobe Inc. (ADBE) have moved by 1.81% and 1.96%, respectively.
Brokerage Updates Related to Adobe Inc. (ADBE) Stock
Not a Single analyst have given underperform rating or sell rating, and 11 have given a rating of Buy or better. Based on the 31 stock market experts following this company, the average 12-month price target is $289.52. Moreover, individual price targets range between $250.00-$325.00. With its recent move to $297.50, we can see that these firms project this stock will gain by 39.55% in one year.
Updates from Adobe Inc. (ADBE) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.10% rise since the beginning of the calendar year. A EVP & GM, Experience Cloud at Adobe Inc. (ADBE) sold off some of its shares in a transaction that was finalized on Jan 31. Similarly, Lewnes Ann sold 3,000 shares of the organization’s stock at $240.16 apiece and racked up $720,480 in earnings from the sale. Now, Lewnes Ann holds 75,368 shares of the company following the exchange. A EVP & CTO of the organization named Parasnis Abhay, was engaged in a transaction that occurred on Jan 30 that managed to be worth $6,000,020 from the sale of 25,000 common shares at a price of $240.00 per individual share.
Adobe Inc. (NASDAQ:ADBE) Results in the Pipeline
The next scheduled release of financial results for Adobe Inc. will be for the Nov-18 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $1.88. In the same vein, they expect sales for the quarter to amount to $2,429.14 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $2,440.00 million in revenue alongside EPS at $1.90. On average, the analyst projection was calling for $2,291.08 million with $1.73 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $2,195.36 million, with earnings per share ending up at $1.66.
Amgen Inc. (NASDAQ:AMGN) experienced a drop of -0.11% from the closing price in the previous trading day. That drove the price to $185.79 per share, as observed on February 11th, 2019, at a time when the total trading volume reached 2,802,253 shares of stock – compared to the typical average of 3.22M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $204.62.
Pricing Indications for Amgen Inc. (AMGN)
This organization has had a price-to-earnings ratio of 14.74 in the last year. In the most recent trading session, the daily high was $187.11, bringing the per-share value -0.11% high its 52-week high and about -11.61% more expensive than its 52-week low. Meanwhile, it gained 193.93 from its observable 50-day simple moving average. Right at this moment, the per-share value is -3.16% lower than the mean per-share price over the last 200 days in the market.
Amgen Inc. (NASDAQ:AMGN) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 5 have a Buy rating, 5 have an outperform rating, while 13 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 0 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.30, based on information from Thomson Reuters.
AMGN Stock Value Potential
In trading activity as of late, this stock’s value was 191.91 up from its 200 day moving average, while also -4.31% down when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $179.00-$230.00. The market value for the entire organization reached 117.26B. After the trading day started off at the price of $185.79, these shares nearly bottomed out at its low price of $185.51 and nearly peaked at $187.11 as its full-day high price. In the last trading session, the price ended the day at $186.00. The institutional holdings related to this organization account for 0.10%, and the Beta factor is now 1.21. This company’s RSI (Relative Strength Index) managed to hit 39.67.
Amgen Inc. (NASDAQ:AMGN) Analyst Points of Focus
Amgen Inc. (AMGN) has found itself inside of Evercore ISI’s research list, so their analyst rating adjustment is worth taking note of. This stock was downgraded to In-line, compared to its previous rating of Outperform by Evercore ISI, as garnered from a news report on Monday January 28th, 2019. An additional helpful research note was sent out by Cantor Fitzgerald’s on Monday October 1st, 2018. The brokerage decided to initiated AMGN to Neutral.